Eagle Materials Inc (EXP)
Quick ratio
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 34,925 | 48,912 | 47,321 | 53,149 | 15,242 | 60,937 | 84,140 | 68,281 | 19,416 | 17,392 | 45,214 | 306,542 | 263,520 | 142,784 | 200,858 | 199,441 | 118,648 | 126,255 | 53,684 | 19,162 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 77,628 | 76,369 | 18,031 | 74,914 | 74,331 | — | — | — | — | — |
| Receivables | US$ in thousands | 212,895 | 195,899 | 252,976 | 250,057 | 212,419 | 178,109 | 236,966 | 237,314 | 183,478 | 179,551 | 214,618 | 187,411 | 149,971 | 144,367 | 205,809 | 318,273 | 280,199 | 140,283 | 182,689 | 174,279 |
| Total current liabilities | US$ in thousands | 239,409 | 225,513 | 224,535 | 229,697 | 212,889 | 208,300 | 223,321 | 228,635 | 207,551 | 193,675 | 188,645 | 189,013 | 169,354 | 163,061 | 163,085 | 200,033 | 169,697 | 163,326 | 194,775 | 192,956 |
| Quick ratio | 1.04 | 1.09 | 1.34 | 1.32 | 1.07 | 1.15 | 1.44 | 1.34 | 0.98 | 1.02 | 1.79 | 3.02 | 2.55 | 2.22 | 2.95 | 2.59 | 2.35 | 1.63 | 1.21 | 1.00 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($34,925K
+ $—K
+ $212,895K)
÷ $239,409K
= 1.04
The quick ratio of Eagle Materials Inc has shown fluctuations over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Analyzing the quick ratio data provided, we can see that it ranged between 0.98 and 3.02 over the past few quarters. Generally, a quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term liabilities.
In the most recent quarter, the quick ratio was 1.04, indicating that Eagle Materials Inc had $1.04 of liquid assets available to cover each dollar of its current liabilities. This suggests that the company has a relatively healthy liquidity position.
It's worth noting that the quick ratio was highest at 3.02 in the quarter ended June 30, 2021, indicating a significant increase in liquidity at that time. However, it declined in subsequent quarters but remained above 1, indicating a generally stable liquidity position for the company.
Overall, based on the analysis of the quick ratio data, Eagle Materials Inc appears to have maintained a reasonable level of liquidity to meet its short-term obligations, with some fluctuations in the ratio over the past few quarters.